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Reply #35: Just look at the time frame: your claim is that the 31 July 2009 wikileaks disclosure [View All]

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struggle4progress Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 06:20 PM
Response to Reply #34
35. Just look at the time frame: your claim is that the 31 July 2009 wikileaks disclosure
exposed corruption in the Kaupthing bank

Here's a blog from May 2009:

Because the best way to rob a bank is to own one*
by ALDA on MAY 11, 2009
According to a report on the RV evening news, the Financial Supervisory Authority has so far sent ten cases to the office of the special investigator of the bank collapse, and five more are imminent. The FSA also expects to send 15 more cases <at least> to be investigated before the end of the year. These involve insider trading, market manipulation and high-risk lending ...

Here's the same blog in early July 2009:

Kaupthing bank dishes up yet another scandal
by ALDA on JULY 2, 2009
... We already know that Kaupthing loaned some ISK 500 billion <USD 4 billion> to its largest owners and their affiliates just days before the bank collapsed last October. Now it has transpired that Kaupthings chief lawyer Helgi Sigursson received a bullet loan of ISK 450 million <USD 3.5 million> from the bank ... Anyway, bad as that is, it pales in comparison to the nearly ISK 900 million <USD 7 million> loan awarded to one Kristjn Arason, ex-head of the banks corporate division ...

So the investigation was ongoing and rather predates the 31 July 2009 public wikileaks release of the loanbook -- which investigators and prosecutors already had. It's just dishonest to claim wikileaks was responsible for the investigations and prosecutions, which actually began long before the wikileaks release
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